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Yes Orka. Of course, that's assuming they will consider giving us an 80%-85% LTV mortgage on the family home. With virtually no savings, this might be a problem. They are effectively swapping one debt (apartment) for another (family home) and increasing the amount we owe them by 60k. Whilst it...

Thanks for reply Commercial. I would rather not engage in a protracted repayment process with my parents- they want to move and I would sooner see them leave with the money in a lump sum rather than give it to them in drips and drabs. Any other views?

I'm looking for some thoughts on an offer I have been given. My gut instinct is that it won't work, but I figured it is worth considering at least and I’d appreciate any views. My parents are selling the family home to move abroad. The mortgage was cleared years ago, so whatever they sell for...

In a similar position to Ciaran2010, i think. Took out mortgage in September 2007, fixed rate for 3 years which is up in October. Saw this thread and checked my loan offer paperwork which states "at the end of the fixed rate period the interest rate shall be no more than 1.25% above the...

It is also possibly connected with the fact that you are nearly at the end of your fixed rate term i.e. your lender would have notified Revenue of the amount of interest you are scheduled to pay in 2010. They can only predict this up until the end of your fixed rate term, but Revenue will...

Some friends had arranged to spend Xmas in a rental property down the country, having paid in full several weeks ago. The day before they were due to travel, the owner contacted them to advise that, due to bad weather, the roads weren't great and they could reschedule if they liked. The option...

I'm looking to buy some Brazilian currency but was informed today by my local bank that no Irish bank deals in this currency. I'm only looking for a small amount (€200) to give to my sister who is heading over there in a few weeks. Any ideas?

Hi Lemsip, Do you have a credit union savings account? If so, could you combine your existings loans into one seeing as you only have 3 payments left on your exisiting credit union loan? At present, you're paying €380 in loans and €150 in savings. You could make this work better for you by...

Exactly. No one would want to lose their home, but the opportunity to start afresh seems to be the best option for the OP.

Could you consider declaring yourself bankrupt?

I had a similar problem with Vodafone a few years ago. You should phone them, and explain your situation. Offer to make payments of €X a week, until the debt is cleared. If it is billpay, did you have to pay a deposit when you joined? If so, this should be deducted from the €300 you owe them...

Sounds very dodgy. Have you checked the terms and conditions of the business loan to see if there was anything in it that would allow such a move?

Hi Caspar Based on the numbers you have provided, your current monthly income is €6,100 and outgoings are €4,877. That leaves a surplus of over €1,200 per month for stuff you haven't accounted for in your outline above. If you got job sharing, your monthly income will be approx. €4,600 and...

Hi Casper, Can you provide a breakdown of your monthly income after tax, pension levy, income levy etc.? Also, your grocery expenditure seems quite low for a family of three! Is this supposed to be €400 pm (€100 per week)? What about miscellaneous expenditure like smoking, socialising etc...

Mrs Gus went on a 3 day week in February and was getting €102.15 (thankfully, she's back to a 5 day now!) but I'm surprised that there is a difference in the amounts paid out...

I'd suggest leaving Question 19 blank until you go in to claim, and then ask the officer who is dealing with your claim. You are working 3 days, so you can only claim 2 days. Jobseeker's Benefit is normally calculated on a 6 day basis (i.e. Mon - Sat) but in cases where you are claiming...

What about getting a part-time job?

Re: Social Welfare - customer service?? What Offices are you going into?

1. I am 99% sure that participation in the public sector pension scheme is a mandatory condition of employment. 4. The purpose of the pension levy is to correct the disjoin between what we contribute (approx. 6%) and what we will eventually receive (which is dictated by whatever the pay...

Mer: you will be paying approximately 7.2%. Protocol: the levy will be gross of tax. I think the way it will work is as follows: Salary: €44,100 Less Pension Levy: (€3,175.20) TAXABLE SALARY: €40,924.80 Tax @ 20%: €7,280 Tax @ 41%: €1,855.17 Income Levy: €441 Total Tax...